Hack Attack on UFC Instagram Account Exposes Cryptocurrency Fraud

• Cryptocurrency scam on UFC Instagram account.
• Crypto scams cost billions annually.

Digital security is once again an urgent issue after an incident involving UFC's official Instagram account. On Wednesday night, users were surprised by a post announcing the launch of a new “UFC coin,” an initiative that soon turned out to be a scam.

According to reports, the account had been compromised. The fraudulent post promised the possibility of “owning the legacy” through a currency that would integrate “precision and strength.”

UFC ufc UFC fans have been waiting, and the moment has come. Prepare to own the legacy. #Precision. Strength. All in one coin. #UFC #UnleashTheFight

The post also displayed a crypto wallet address, encouraging the community to invest in the fake cryptocurrency. Despite the warning, the post remained online for more than 30 minutes before being taken down.

In addition to the main post, a temporary story was also added to UFC's Instagram, directing followers to a website where they could purchase the nonexistent cryptocurrency. This content was removed more quickly, but not before causing some confusion and concern among fans of the brand.

Cryptocurrency scams are nothing new and continue to pose a major risk, having cost Americans more than $5 billion in 2023 alone. This incident comes as even big brands like the UFC are becoming targets of fraudulent actions, highlighting the importance of robust security mechanisms for both companies and individual users.

At the time of publication, the price of Bitcoin was quoted at US$103.546 with a drop of 2% in the last 24 hours.